emfizz.com
emfizz.com September 21, 2017


Netflix Shares Fall on Weak Subscriber Growth: What Wall Street's Saying

20 April 2017, 10:09 | Jan Cross

Netflix Shares Fall on Weak Subscriber Growth: What Wall Street's Saying

Netflix Inc

Netflix has expanded around the world over the last few years, betting that its USA formula would pay off in other countries.

Netflix shares fluctuated in after-market trades that followed release of the quarterly earnings figures, remaining near the closing price of $147.25, which showed a gain for the day.

This post-earnings reaction led NFLX stock to break out of an 18-month consolidation period, marked with the two black parallels. As a result, Netflix is looking at a potential record-setting high with regards to its stocks today. They had risen 15 per cent this year through April 13. In addition, the company added 1.42 million streaming subscribers domestically, and added 3.53 million in the rest of the world. "There's nothing here that changes the thesis", said Anthony DiClemente, an Instinet LLC analyst who recommends buying the shares.

As it is, Netflix expects to spend about $6 billion on programming this year. It now stands on 98.75m subscribers (including 94.36m paying customers) and expects to add another 600,000 in the U.S., and 2.6m elsewhere, in Q2. Our forward guidance shows that we intend to continue to invest internationally, projecting a small loss for Q2.

The heavy second-quarter schedule comes with costs and highlights a dilemma. Wall Street had expected 37 cents per share.

CNBC picked up on a major theme of analyst notes in the wake of the company's earnings release.

James Harden, Russell Westbrook done talking about who's MVP
However, the OKC Thunder have been playing the cards that have been dealt to them all season and this series will be no exception. The Thunder shot the three-pointer (32.7 percent) worse than every team in the National Basketball Association this season.


Betting markets predict a 90 seat Conservative majority in snap June election
Alternatively, the pro-European Scottish public may want to ensure that their voice is heard clearly in Westminster. She will have to ensure that Conservative voters believe she is a "safe pair of hands" for the Brexit negotiations.


Long-Wheelbase Acura TLX-L Prototype Debuts in Shanghai
This is definitely good partnership which will largely benefit both Chinese consumers and the company at the same time. Previewed as in near-production concept form at the Shanghai Auto Show this week is the Acura TLX-L prototype.


Q1 worldwide subscriber growth (net additions): 3.53 million, versus Wall Street forecasts 3.9 million, and Netflix guidance of 3.7 million. Analysts predict Netflix will make $482 million on revenue of more than $11 billion for the entire year.

Almost 10 years after Netflix began offering online streaming of movies and TV shows, the company says it's all set to hit the 100-million subscribers mark. On the top line, sales of $2.64 billion were right on par with estimates.

The company wants to be assessed in the future based on sales and margins, as opposed to subscriber growth.

Netflix started making its own shows in 2013, with House of Cards one of its first big hits and Stranger Things more recently.

On the downside, Netflix missed subscriber growth targets and forecast running a negative free cash flow for "many years".



Other News

Trending Now

Capitals vs. Maple Leafs: Game 4 is a turning point for Washington
The Caps bottled up the speed attack that was so apparent two days earlier in a game Tyler Bozak won for Toronto in overtime. They've certainly tested Andersen plenty, but the Maple Leafs goaltender stopped 47 of the 50 shots he saw Saturday.

Trump 'Turnaround' On Syria Signals More Aggressive Strategy
He added that Russia, Iran and Syria have "common procedures against any aggression", but wouldn't offer specifics. Mr Tillerson said evidence that Assad's regime planned and carried out the attack was "conclusive".

The Source Sports Was Able To Talk Boxing With Canelo Alvarez
Golden Boy wants to showcase the former IBF middleweight champion to generate buzz for a possible showdown with Canelo. This Canelo vs Chavez Jr documentary before the fight sums up what it means to both guys excellently.

QUALCOMM Sees Unusually Large Options Volume (QCOM)
Mizuho restated a buy rating and issued a $75.00 price target on shares of QUALCOMM in a research note on Tuesday, April 11th. Zurich Insurance Group Ltd FI's holdings in QUALCOMM were worth $14,517,000 at the end of the most recent reporting period.

Anadarko Petroleum Corporation (APC) ,Bunge Limited (BG) — Traders Focused Stocks
Telos Cap Management Inc, a California-based fund reported 3,489 shares. 19,437 were reported by Bbva Compass Retail Bank Inc. ROIC is a popular financial metric that gauges how efficient a company is with earning cash flow through invested capital.

Helix Energy Solutions Group, Inc. (NYSE:HLX) Quarterly EPS Analysis
It has been assigned a low target price of $8 and a high target price of $16. (HLX)'s stock to Buy with no specific Price Target. Investors might also notice that three month ago the Buy recommendations (6) outnumbered Sell recommendations (0).

Bihar topper scam: SC refuses to grant relief to Bachha Rai
The Nitish Kumar government had moved the Supreme Court against this order and sought cancellation of Rai's conditional bail. The Supreme Court has on Thursday refused to grant any relief to Bihar Board toppers' scam main accused Bachha Rai.

Apple Announces LivePhotosKit API for Embedding Live Photos in Websites
Following up on Tumblr's own implementation of Live Photos for the web, Apple has released an official Live Photos JavaScript API. Apple has released a new LivePhotoKit JS API that aims to make it easier for iOS users to embed Live Photos on the web.

Pollard injured in training as jinx returns
Pollard missed the entire 2016 Super Rugby season due to knee and shoulder injuries, but made his comeback in February. Pollard will be replaced by Tian Schoeman , with Francois Brummer who will replace Schoeman on the bench.

British Parliament votes in favour of early polls
The research was carried out on Tuesday and Wednesday - after Theresa May announced her intention to go to the country. Demmer said Wednesday: "The German government assumes that the negotiations can be continued without disruption".